Iconic Sports Acquisition Balance Sheet Health
Financial Health criteria checks 0/6
Iconic Sports Acquisition has a total shareholder equity of $-15.9M and total debt of $1.6M, which brings its debt-to-equity ratio to -9.8%. Its total assets and total liabilities are $143.2M and $159.1M respectively.
Key information
-9.8%
Debt to equity ratio
US$1.56m
Debt
| Interest coverage ratio | n/a |
| Cash | US$368.71k |
| Equity | -US$15.94m |
| Total liabilities | US$159.15m |
| Total assets | US$143.20m |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ICNC.U has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: ICNC.U has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: ICNC.U has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: ICNC.U's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: ICNC.U's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if ICNC.U's interest payments on its debt are well covered by EBIT.